Incorporated in 1979, Shree Cement is engaged in the production and sale of cement and clinker, with operations spanning across India, the UAE, Bahrain, Bangladesh, and Sri Lanka. The company is headquartered in Kolkata, West Bengal, India. Shree Cement stands as India's third-largest cement producer with an installed capacity of 46.4 MTPA. The company has an installed cement production capacity of 46.4 Million Tonnes Per Annum in India and 50.4 MTPA including overseas, supplemented by an installed Power Generation Capacity of 888.55 Mega Watts.
Shree Cement's manufacturing operations are spread over North and East India with a presence across approximately six states. Their manufacturing units are located at Beawar, Ras, Khushkhera Suratgarh, and Jobner (Jaipur) in Rajasthan; Laksar (Roorkee) in Uttarakhand; Aurangabad in Bihar; Panipat in Haryana; Baloda Bazar in Chhattisgarh; and Bulandshahr in Uttar Pradesh. The company owns and operates cement grinding units in Suratgarh, Bulandshahr, Khushkhera, Roorkee, Panipat, Aurangabad, Saraikela, Cuttack, and Jaipur. In 2023, the company opened a new cement grinding unit with a capacity of 3 million metric tonnes per annum in Purulia district, West Bengal, through its subsidiary, Shree Cement East.
The company has been actively expanding its operations through strategic acquisitions and new projects. In March 2024, the company acquired five ready-mix cement (RMC) plants in Mumbai from StarCrete LLP. The company acquired a majority equity stake (minimum 92.83%) in Union Cement Company (P.S.C.) (UCC), a company based in UAE. The company commissioned an integrated cement plant at Nawalgarh, Rajasthan, which became operational by December 2023, consisting of a 3.5 MTPA cement and 3.8 MTPA clinker facility.
Shree Cement offers a range of cement products, such as Portland Pozzolana Cement, Ordinary Portland Cement, and Portland Slag Cement, under the brand names Bangur Rockstrong, Bangur Powermax, Bangur Jungrodhak, among others. The company produces Portland Pozzolana Cement, Ordinary Portland Cement, and Portland Slag Cement. It also produces Ready Mix Concrete, Fly Ash, and GGBS, with popular brands including Bangur Cement, Rockstrong Cement, Shree Concreel HD, and Shree Ultra. The company also offers Green Pro Ecolabel-certified Shree Heat Shield AAC blocks.
The company has been focusing on premiumization of its product portfolio with Bangur Magna being its key premium cement brand, increasing its premium product mix from 7% of the trade mix in FY22 to 15% as of Q2 FY25. The company markets cement through dealers, retailers, and sales offices.
As of recent data, Shree Cement has a market capitalization of ₹1,14,160 Crore, representing a 12.6% increase over the past year. The company has demonstrated strong financial performance across key metrics.
* Revenue: ₹5,532.02 Crore as of March 2025 (Q1 FY25)
* Net Profit: ₹574.99 Crore as of March 2025 (Q1 FY25)
* Q4 FY25 results showed a 3.3% increase in revenue to ₹5,240 Crore.
* Record sales volumes of 9.84 million tonnes in Q4 FY25, with the company declaring a ₹60 dividend.
* Operating income during FY24 rose 14.0% on a year-on-year basis, while the company's operating profit increased by 52.3% YoY.
* Net profit for FY24 grew by 88.8% YoY, with net profit margins growing from 5.7% in FY23 to 9.4% in FY24.
* Over the past 5 years, Shree Cement's net profit has grown at a CAGR of 11.6%.
The company maintains a promoter holding of 62.6%. The company is chaired by B G Bangur and was listed on January 12, 1995. The company received an independent ESG rating of 64 from NSE Sustainability Ratings for FY 2024.
Shree Cement is planning a fresh round of capacity expansion, including a new grinding unit in Bengal, in line with the company's vision to reach 80 million tonnes by 2030. The company has announced four planned capacity expansion projects that aim to increase its installed cement production capacity by 20% to 55.9 Mt/yr. The company, now nearing a capacity of 68 million tonnes per annum, is optimistic about the future, with Chairman Hari Mohan Bangur predicting that India's cement industry will double in the next decade.
The company recently received a significant grant order for limestone mines in Rajasthan, adding 211 million tonnes of mineral resources to its raw material base, which is expected to enhance production capacity and cost efficiencies.
Shree Cement is recognized as one of the lowest cost producers in the country. The company carries out power generation through waste heat recovery plants. The company has been recognized as a "Sustainability Champion" by the World Economic Forum and has been accorded a 5-Star rating for manufacturing excellence by Whitehopleman UK.
The company continues to focus on operational efficiency, sustainability initiatives, and strategic expansion to maintain its position as one of India's leading cement manufacturers while exploring opportunities in international markets.
